Frontier Investment Mgmt Co. grew its holdings in Charles Schwab Corp (NYSE:SCHW) by 8.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 14,631 shares of the financial services provider’s stock after buying an additional 1,112 shares during the period. Frontier Investment Mgmt Co.’s holdings in Charles Schwab were worth $752,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Bogart Wealth LLC raised its stake in Charles Schwab by 1,100.0% in the fourth quarter. Bogart Wealth LLC now owns 2,040 shares of the financial services provider’s stock valued at $105,000 after purchasing an additional 1,870 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Charles Schwab in the fourth quarter valued at about $187,000. Zions Bancorporation raised its stake in Charles Schwab by 1,545.3% in the third quarter. Zions Bancorporation now owns 3,817 shares of the financial services provider’s stock valued at $167,000 after purchasing an additional 3,585 shares in the last quarter. Fiduciary Trust Co. acquired a new position in Charles Schwab in the fourth quarter valued at about $208,000. Finally, Lourd Capital LLC acquired a new position in Charles Schwab in the fourth quarter valued at about $208,000. 80.45% of the stock is owned by institutional investors and hedge funds.

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In other news, EVP Bernard J. Clark sold 50,444 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $50.52, for a total value of $2,548,430.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Marie A. Chandoha sold 56,327 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $45.86, for a total value of $2,583,156.22. The disclosure for this sale can be found here. Insiders sold 1,733,394 shares of company stock valued at $89,462,077 in the last ninety days. 12.00% of the stock is currently owned by insiders.

Several research analysts have commented on SCHW shares. Credit Suisse Group lowered their target price on Charles Schwab from $70.00 to $69.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Citigroup downgraded Charles Schwab from a “neutral” rating to a “sell” rating and set a $49.00 target price for the company. in a research note on Wednesday, February 7th. Morgan Stanley boosted their target price on Charles Schwab from $61.00 to $63.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. Nomura reissued a “neutral” rating and set a $54.00 target price (up previously from $50.00) on shares of Charles Schwab in a research note on Thursday, January 18th. Finally, SunTrust Banks reissued a “buy” rating on shares of Charles Schwab in a research note on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $53.88.

Charles Schwab Corp (SCHW) opened at $52.17 on Tuesday. Charles Schwab Corp has a 52 week low of $37.16 and a 52 week high of $56.25. The company has a quick ratio of 0.30, a current ratio of 0.31 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $69,937.85, a P/E ratio of 31.81, a PEG ratio of 1.29 and a beta of 1.63.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.03. Charles Schwab had a return on equity of 16.31% and a net margin of 27.32%. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the prior year, the firm posted $0.36 earnings per share. The firm’s revenue was up 13.7% compared to the same quarter last year. analysts expect that Charles Schwab Corp will post 2.39 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 9th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.40 annualized dividend and a dividend yield of 0.77%. This is an increase from Charles Schwab’s previous quarterly dividend of $0.08. Charles Schwab’s dividend payout ratio is currently 24.84%.

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Charles Schwab Profile

The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.

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